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Hello, I'm new here, and my husband and I would really love some expert advice! We are staying at Grand Dunes in Myrtle Beach, and we were strongly considering buying. But, we got online and were reading some reviews that started to scare us away a little. Can you share with us your thoughts on buying?? The good, bad, and in between?? We are completely new to this and really don't feel informed enough to make an educated decision. Thank you so much in advance for any help you can give us!!
 

BJRSanDiego

TUG Review Crew: Expert
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Sands of Kahana, Desert Springs I, DSV2, Shadow Ridge Enclaves Dlx
Hello, I'm new here, and my husband and I would really love some expert advice! We are staying at Grand Dunes in Myrtle Beach, and we were strongly considering buying. But, we got online and were reading some reviews that started to scare us away a little. Can you share with us your thoughts on buying?? The good, bad, and in between?? We are completely new to this and really don't feel informed enough to make an educated decision. Thank you so much in advance for any help you can give us!!

You have come to the right place to start learning about timeshares. But there aren't a lot of shortcuts in that learning process. It takes some time and some research.

I recommend that you go to the forum "New to timeshares" and in particular, "What to buy" questions for newbies. In fact, fill out the what to buy form and post it to get advice from others whether a timeshare makes sense for you.

Keep in mind that you can save a lot of money if you buy resale rather than from the developer.
 

Passepartout

TUG Review Crew: Veteran
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As stated, there are few shortcuts, and no one here will say what is the 'right' timeshare for you- if any.

But here is my best advice. First, don't buy anything now, no matter how good the salesweasels make it seem. Any good deal today will be available tomorrow, next month, next year.

And second: when, or if you decide ownership is for you, buy resale. You'll save tens of thousands of dollars for exactly the same product.

Jim
 

jme

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Marriotts:
Grande Ocean x 6
Barony x 2
OceanWatch x 1
Manor Club x 1
.
Waterside by Spin x 2
Sheraton Bdw Pln x2
ChurchSt/Charleston x2
You can buy 3 resale weeks at top-notch resorts in good seasons for what you'd spend otherwise..... and then occupying or trading them would offer even more options. I've purchased from developer and bought resale, 13 weeks in all, and resale is the way I'd go now. Actually it's a no-brainer.

Buying trust points is an expensive way to end up owning LESS, to be blunt.

What I mean by that is that buying 3000 points ($36,000+) gets you 3000 points, which in the booking world doesn't give you even a week at a great resort in prime season---for that it would take 4000-6000 destination points, just an example. But nobody checks the values of weeks at purchase time, only after, and are shocked.

Rent at several places, read & study TUG daily, sleep on it over months, then make your move later. The same deals they offer you now will be available then (of course you knew that already, right? It's true). "Today only" is a phrase you'll hear at any fairground.
 

Panina

TUG Review Crew: Elite
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Hgvc Anderson, Blue Ride Village Resort
I've been timesharing over 30 years and am in my 50's. I love timesharing, purchased my first at 24 from the developer at full price, all the rest resale. I now have a total of 9 timeshare and for me it's allowed me to vacation the way I want to and see many places at a reasonable cost. It's important to learn and understand what you are buying and to understand how trading works. Once you understand it all, you can use it best and not have disappointments. Tug will have loads of info for you.

My advice, do not buy from the developer unless after much searching you cannot find a resale for the place and week you want. There are many resales not only from individuals but from associations of the timeshares themselves. I just purchased a timeshare on myrtle beach on the beach from an association for very little.

Assume, whatever you spend will never be recovered when you no longer want it. You will probably have to give it away, paying closing costs and possibly give an incentive, such as paying a year of maintenance fees, unless it is in high demand. Very few timeshares have resale value.

Also, I suggest that your yearly maintenance is less then renting.

The value to you is why you purchase a timeshare.

I believe, purchase the week and place you want to go. You can still trade it but to me a timeshare has great value if you love the place and the week. For example, as I write this, I am lounging at a beachfront timeshare unit that I purchased that is on st. petes beach fl from the association for a few hundred dollars. I know every year I will have this unit and beachfront if I choose to use it. It has good trading value if I choose to trade it. If I used another timeshare to trade into this resort, chances are for this week I wouldn't get the trade, and if I did I would probably get a non beachfront unit, and I wouldn't enjoy as much. So this unit give me exactly the place, the beachfront unit and the week I most often will use. I didn't spend too much so when I no longer want it, I should be able to easily give it away. I was shocked when I found it, a needle in a haystack but there are many like this out there.

Educate yourself on tug, and you can get the tools you need to make the most of a timeshare you purchase. After 30 years, I still would do it again.
 

pwrshift

Tug Review Crew: Rookie
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Toronto
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Marriott Manor Club - 3 weeks platinum, 2 weeks at Marriott Beachplace Towers, and 1 week at Marriott Canyon Villas
A good part of the buying process is misinformation from the sales rep and misunderstanding what you're getting into. When I bought mine from the developer the maintenance fees were about $450 a week. Our Canadian dollar was at par or even higher than the USA dollar...now it's 71 cents...and the maintenance fees (MF) are more than $1,200 a week. A BeachPlace March week on eBay didn't rent for $1250 this week...if it had rented the owner wouldn't even break even on it especially when you consider what it cost him to buy. The MF for my six weeks was $8,100 for 2016...over $11,000 CDN!! You have to pay them by January. Ouch.

At $450 MF I could trade in my weeks for 110,000 MR points which could be collected and used for wonderful air+hotel trips around the world. I've spent over 7 million MR points on wonderful worlwide trips in business class air and top category hotels. But Marriott raised the hotel point requirements so much over the years trading for points is of much less value today...and you can't even do that if you bought resale.

If you buy, makes sure it's a platinum week at a resort you'd be happy going to every year today and tomorrow (Disney grows old when your kids do). Better still...help out the poor owners...rent from them.

Brian
 
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Clark

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Upstate N.Y.
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Grande Ocean
Barony Beach Club
I agree with the buy where you would be happy using. One caveat about buying platinum (which you should do if you want to do a lot of exchanging) -- in some locations, for some reasons (like golfing weather), Gold is preferable, not being so hot. Depends on a lot of things -- what you will do, kids, vacation schedules and so on.
 

kds4

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Marriott Weeks and DC Points
Hello, I'm new here, and my husband and I would really love some expert advice! We are staying at Grand Dunes in Myrtle Beach, and we were strongly considering buying. But, we got online and were reading some reviews that started to scare us away a little. Can you share with us your thoughts on buying?? The good, bad, and in between?? We are completely new to this and really don't feel informed enough to make an educated decision. Thank you so much in advance for any help you can give us!!

I agree with others, don't buy on impulse. This is not a now or never again deal. Since you are nearby, I encourage you to stop by Marriott Ocean Watch. We are here now. It is one of our favorite Marriott Vacation Club properties and you can find resale weeks via Redweek.com or even eBay.
 

m61376

Tug Review Crew
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NY
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Marriott Aruba Surf Club 2 & 3BRs
First of all, welcome to Tug :wave:

Secondly, like others have said, take the time to learn before buying anything. A good place top start is by reading the stickies at the top of this forum; you'll learn a lot about the Marriott system. Just a brief jumping point so you know what you're reading- Marriott basically has two types of overlapping ownership: owners of weeks (legacy owners) who purchased the right to use a week every year at a specific resort, mostly floating during a specific time period, of a specific size and view category. Reservations for single week owners can be made 12 months in advance. In 2010 Marriott introduced a point system, referred to as the DC here, and with few exceptions now only sells points. Each resort is assigned a point value, depending on time of year and unit size ( as well as day of week and view). Legacy owners who have enrolled can exchange their units for points at will any given tear, getting less points than the week would rake to reserve ( referenced as skim on Tug).

Point owners, or enrolled week owners who have joined the DC system, can book wherever they want, subject to availability ( which is a biggie). Week owners who have booked weeks can either occupy their home resort or use the trading company, II, to exchange to other places, requesting a trade and hoping to get it.

Time sharing has many pluses and minuses- it enables you to vacation in a larger space with amenities such as a kitchen and laundry in many cases, because you've bought it you will tend to use it and plan vacations that you may not otherwise bother with as life intervenes, unit size is conducive to extended family travel or travel with friends, and you can save vacation money by eating in, even if only breakfast and lunches, etc.. We were blessed to have even been able to take a 4 generation trip. Over the years many of us have created priceless family memories, which many of us wouldn't trade for anything.

However, like most things, it comes at a cost- both purchase and annually. MF' s are high and forever rising. Resale weeks can be bought relatively I expensively on the resale market, but points are pricey. While MF's are still a relative bargain for most places compared to Marriott.com rentals, compared to private rentals there are some weeks that can be rented for les than the MF's.

Take your time to learn the system. I think the happiest owners in general fall into two groups- those who mostly love to return to the same place annually, such that ownership almost becomes akin to a vacation home for a week or more, and owners who like to trade a lot but have a lot of both work and family flexibility, in that they can schedules vacations relatively close to travel date and aren't tied or school schedules. Those who like to travel to different places all the time and only during set times have the most difficulty, and without a lot of planning can get frustrated. For week ownership it is best if you are able to schedule your vacation time a year ahead.

Anyway, I could go on and on, but hopefully this gives you some context to understand what is written elsewhere. Good luck, and as you proceed feel free to tell us a little about yourself and vacation goals, and you're sure to get lots of responses.
 

TUGBrian

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so glad you found us before buying! at least now you can do your research and decide what purchase is right for you!
 
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